Goldstone Financial Group LLC Acquires New Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Goldstone Financial Group LLC purchased a new position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,987 shares of the company’s stock, valued at approximately $1,394,000. Goldstone Financial Group LLC owned approximately 0.08% of Invesco Variable Rate Preferred ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversify Wealth Management LLC grew its position in shares of Invesco Variable Rate Preferred ETF by 40.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 12,391 shares of the company’s stock valued at $301,000 after purchasing an additional 3,573 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Invesco Variable Rate Preferred ETF by 13.8% in the third quarter. Pinnacle Associates Ltd. now owns 46,147 shares of the company’s stock valued at $1,065,000 after buying an additional 5,600 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco Variable Rate Preferred ETF by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 69,069 shares of the company’s stock worth $1,689,000 after acquiring an additional 2,612 shares in the last quarter. Burke & Herbert Bank & Trust Co. lifted its position in Invesco Variable Rate Preferred ETF by 0.8% in the 3rd quarter. Burke & Herbert Bank & Trust Co. now owns 59,965 shares of the company’s stock valued at $1,467,000 after acquiring an additional 485 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new position in Invesco Variable Rate Preferred ETF during the 3rd quarter worth about $225,000.

Invesco Variable Rate Preferred ETF Price Performance

VRP opened at $24.42 on Thursday. Invesco Variable Rate Preferred ETF has a 1 year low of $21.66 and a 1 year high of $24.67. The business’s 50-day moving average price is $24.42 and its two-hundred day moving average price is $24.06.

About Invesco Variable Rate Preferred ETF

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.